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Everything you need to know about the FXCM withdrawal process

Are you interested in joining FXCM Broker?One of the more important steps in online trading is to understand each step of getting your money back i.e. how to get your money back from a broker。

FXCM is one of the best online forex brokers in the world。Despite considerable losses following the 2015 Swiss National Bank Black Thursday incident, FXCM remains the first choice for traders for a number of reasons.。Small initial deposit requirements, popular trading stations, etc.。

Are you interested in joiningFXCM Broker??One of the more important steps in online trading is to understand each step of getting your money back i.e. how to get your money back from a broker。

You must ensure that your broker's withdrawals are available in your country./ regional use。You must also know how to deal with any problems that may arise in the future。So here is everything you need to know about FXCM withdrawal methods, fees, etc.。

How to get fromFXCMWithdrawal?

FXCM offers its clients a range of methods for withdrawing funds, but each area may be different。FXCM.com Provide withdrawals by debit card and bank wire transfer。FXCM EU offers more options, including:

Credit or Debit Card

bank wire transfer

SEPA (Euro accounts and EU resident bank accounts only)

BACS (GBP accounts and UK resident bank accounts only)

通过Neteller and other online payment processors with multiple withdrawal options available through each customer's MyFXCM。View your customer area after you sign up。

FXCM (Forex Capital Markets) is the brand name of a retail broker used to trade financial markets, especially the Forex market。The broker was founded in 1999 and was originally based in the United States.。After a series of lawsuits from clients and the settlement of cases by the US regulator (CFTC), FXCM moved from the US to the UK and became a broker authorized and regulated by the Financial Conduct Authority (registration number 217689).。

FXCM trading is supported by enhanced execution through liquidity provider flow quotes from the FastMatch electronic communications network。

FXCM works with several global banks, financial institutions and other market makers including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank and Jefferies Financial Services as their liquidity providers.。

This in turn makesFXCM is able to provide its customers with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop / limit limits, and up to 89% of orders executed at the required price or better。

For trading platforms,FXCM is famous for its proprietary product Trading Station。The latest version of the web display for this platform claims to be built with Mac Friendly HTML5。It offers a range of trading devices such as integrated news, economic calendars, FXCM's top trading tools, social trading capabilities through FXCM Cloud, customized trading analysis, automated strategies and advanced charts for better analysis.。To support flexible traders,FXCM also offers a mobile version of Trading Station for iOS and Android users。

However, the company's internal platform is not the only option for customers。For more familiarCustomers of MetaQuote products, FXCM also offers the option of using MetaTrader 4。In addition, ZuluTrade is also available for clients interested in cross-broker replication trading schemes。

FXCM has chosen to offer trading accounts based on trading instruments rather than on minimum deposit classification account types。For FX traders, this broker offers Active Trader and Institutional accounts。

Active Trader is the ultimate account type for retail traders with two levels of pricing。Level 1 requires a minimum deposit of $25,000 and a commission of $30 for 1 million volumes, while Level 2 does not have details of deposit requirements but offers better fee conditions。The difference between the two grades is from 0.Start at 2: 00。

Institutional accounts, also known asFXCM Pro, marketed as a wholesale execution and liquidity solution for retail brokers, hedge funds and emerging market banks。The account offers from 0.1 point trading spread and other competitive benefits such as API solutions as well as prime brokerage services。

 

For nonFX Trader, FXCM offers a CFD trading account with low spreads from 0.37 points (in XAU / USD) and there are a range of asset classes, from precious metals, soft commodities and indices。

Last but not least, a series of in-depth articles are provided to help traders with their knowledge and insights into the Forex market。如Trading tools such as FXCM Plus, Market Scanner, Trading Signals and Technical Levels have also been developed to support traders opening accounts with FXCM。

In general,FXCM is an experienced retail broker with lots of "ammunition" to help traders with the best execution, pricing and tools。It is a well-regulated broker backed by a long history of financial markets, although the brokerage industry in the United States has a dark history.。

However, the relatively high minimum deposit standard ($25,000)

MakeFXCM becomes a broker suitable for experienced traders with good money management。Not recommended for new traders with limited funds。

It is important to note that not allFXCM withdrawal methods are all for you。Accounts funded by credit or debit cards will be required to receive withdrawals by the same credit or debit card。

To be taken fromFXCM withdrawal, first login MyFXCM。Click on "Withdrawal Funds" and then complete the online form to create your withdrawal request。You must choose your preferred withdrawal method, provide your bank account details and other requirements that depend on your preferred method, and then submit。

How long will it take meFXCMCan handle my withdrawals?

FXCM Broker will process withdrawal request within 3-4 business days。However, it may take a few more days for the funds to reach your bank account。The payment method you choose may determine how quickly your funds arrive。

By Debit/ Credit card withdrawals may be instant。But it may also take a billing cycle to get the principal amount (deposit amount) back to the debit / credit card used for the funds。

Domestic bank wire transfers take about one to two business days, while international bank wire transfers take about three to five business days。You can passMyFXCM tracks the status of your online withdrawals。

FXCM's withdrawal fee by debit / credit card is zero USD。However, other payment methods may charge you a certain amount。Costs may also change over time。

According to the latestFXCM EU rate table, bank wire transfer fees vary by region。For example, the domestic bank wire transfer fee in France is $25, while the international bank wire transfer fee (the receiving account is outside France) is $40.。

How to solveFXCMWithdrawal issues?

If you encounter any exception, contact as soon as possibleFXCM Support Desk。Use live web chat, email or international toll-free calls through FXCM's official website。There may be many reasons why your withdrawal is rejected, and once you know the reason, you may be able to resolve it immediately。

If you are unable to communicate withFXCM to communicate, and your problem lasts for several weeks, then you may consider contacting the regulator in your area, which should regulate the company。

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